Home / BITCOIN / Norway Finance Minister Sees Great Interest in Cryptocurrency — Says Bitcoin Could See ‘Breakthroughs’

Norway Finance Minister Sees Great Interest in Cryptocurrency — Says Bitcoin Could See ‘Breakthroughs’

The money minister of Norway believes that bitcoin may experience “breakthroughs.” He noted that “There is no doubt that there is marked interest in cryptocurrency both in Norway and internationally.”

Bitcoin May See Breakthroughs, Says Finance Minister of Norway

The finance abb of Norway, Jan Tore Sanner, suggested in an interview last week that “cryptocurrencies will at some point advance past the volatility for which they’re currently known and experience a period of ‘breakthroughs,’” Bloomberg reported. He was quoted as denoting:

It is clear that there may be a development over time, whereby you will be able to get more stabilization mechanisms in the currencies that can pilot to greater breakthroughs and upheavals in the slightly longer term.

However, he noted that for the time being, cryptocurrency is not a supermarket he would recommend consumers to enter.

The finance minister added that he does not believe crypto assets inclination go mainstream until they are properly regulated, mentioning that cryptocurrencies are also “popular with criminals.”

Nonetheless, Sanner give the word delivered people should be free to make their own decision whether to invest in bitcoin but emphasized that the cryptocurrency is not yet at the ready to be used as a substitute for money. He opined:

There is no doubt that there is great interest in cryptocurrency both in Norway and internationally. But so far it has been unsuitable as a communicates of payment.

Bitcoin News recently reported that a few Norwegian billionaires have gotten into the crypto interruption. They include Ole Andreas Halvorsen, Øystein Stray Spetalen, and Kjell Inge Røkke.

What do you think around the comments by Norway’s finance minister? Let us know in the comments section below.

Tags in this story

Image Accepts: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an tender to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting counsel. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or dependence on any content, goods or services mentioned in this article.

Read disclaimer

Check Also

Jackson, Tennessee Mayor Praises Bitcoin’s Benefits Against Inflation, Aims to Create a BTC Hub

Jackson, Tennessee’s mayor is a fan of bitcoin and he cravings the city to become …

Leave a Reply

Your email address will not be published. Required fields are marked *